ADA Cardano long happening right now, entered at $1.31 USD. Needs to break above $1.40 to confirm. It is about to break the key resistance to start the next wave higher. We have been waiting for this move since late February and here it is. Just don't sell too early. Watch the 4H timeframe, the MACD just flipped bullish. Stoch and RSI have room to run. It has been consolidating in higher levels with each level of consolidation over the past few month. FINALLY, it is Cardano's time to shine!
Comment:
First target broken at $1.40 USD, look for a possible backtest. Then moving on to $1.50 USD, $1.80 USD and then $2 USD in the short term.
Comment:
Currently testing the second target of an all-time high resistance zone of $1.50 to $1.55. The price should break with conviction important levels. If it does not break, I am confident that after a short pullback it will, along as BTC complies.
Trade active:
Cardano hits $1.70 USD! I am still holding. Blue sky breakout.
Comment:
Price backtested the $1.50 price range on the dip with BTC, which means it is now a support. Looking at the smart money indicator, we see a huge buy-in of institutional investors on this drive, which could mean it is part of a sustained rally. Price target is in the $2 to $2.20 area to take profit.
Price backtested the $1.50 price range on the dip with BTC, which means it is now a support. Looking at the smart money indicator, we see a huge buy-in of institutional investors on this drive, which could mean it is part of a sustained rally. Price target is in the $2 to $2.20 area to take profit.
Comment:
$1.80 target touched, next target $2 and $2.30. The 4H MACD just flipped bullish in a similar pattern to Etherium before it took off. As long as BTC plays nice, Cardano is good for continuation.
Trade closed manually:
Sitting on cash, waiting to see if BTC rejects off the rising wedge. Will rebuy when the direction becomes clearer, expecting a pullback.